Ashley's blog

Ashley Shepherd is the founder and managing director at Over50choices. With over 30 years’ experience in financial services, he has held senior roles in building societies, banks and insurance companies.

Ashley Shepherd
Over half of UK homeowners change equity release plans amid coronavirus pandemic Image
04th May 2020

Over half of UK homeowners change equity release plans amid coronavirus pandemic

Coronavirus has impacted virtually every aspect of our lives. The way we work, shop, socialise and manage our finances. After a brief period of normality following the drawn out Brexit saga, covid-19 has brought another wave of uncertainty to UK homeowners.

Can I use equity release to pay off an interest only mortgage? Image
27th Mar 2020

Can I use equity release to pay off an interest only mortgage?

Equity release can help pay off an interest only mortgage if you’re coming to the end of your mortgage term and facing a shortfall. However, this depends on eligibility.

Does Martin Lewis like equity release? Image
05th Feb 2020

Does Martin Lewis like equity release?

So what does the Money Saving Expert really think of equity release, what should we be aware of and are there any alternatives.

Is Equity Release a good idea? Image
15th Jan 2020

Is Equity Release a good idea?

Equity release or Lifetime Mortgages as they are known are becoming more popular as people look for ways to increase their income

How much equity can I release from my home? Image
29th Aug 2019

How much equity can I release from my home?

The amount of equity you can release from your home ranges from 20% to 50% of the property value. However, this depends on your age and the value of your home. Usually the older you are, the more equity you can release

What happens to equity release when you die Image
12th Jul 2019

What happens to equity release when you die

Equity release is repaid when you die or move into long term care, usually from the proceeds of the sale of your property. Read more.

What is equity release? Image
04th Apr 2019

What is equity release?

Equity release is a way of unlocking money that is tied up in your home, giving you a tax free cash sum to use how you wish. There are no monthly repayments and the cash can either be taken as a lump sum or drawdown when you need it.

Equity Release Council Autumn 2018 Market Report Image
25th Sep 2018

Equity Release Council Autumn 2018 Market Report

The Equity Release Council Autumn 2018 Market Report is out and makes very interesting reading on the way we view property and the part it is starting to play in our retirement and later life planning.

Is Equity Release Safe? Image
07th Aug 2018

Is Equity Release Safe?

Therersquo;s no doubt that these types of schemes, also known as lifetime mortgages are big business, especially amongst retirees looking to enhance their pension pot, make home improvements or use as a gift for family.nbsp;

Pensioners enjoy retirement ‘on the house’ as demand for lifetime mortgages hits an all time high Image
18th Jul 2018

Pensioners enjoy retirement ‘on the house’ as demand for lifetime mortgages hits an all time high

Itrsquo;s fair to say that this huge increase in the demand for equity release mortgages or lifetime mortgages as they are also known is nationwide, however there are certain pockets of the country, so called lsquo;equity release UK hotspotsrsquo;nbsp;

Equity Release myths debunked Image
22nd Apr 2018

Equity Release myths debunked

Equity release schemes have received their fair share of bad press in the past. Any comment to the effect that they might not be for everyone has been seized on as meaning that they are really for no one - these and other myths are just that ndash; simply not true.

Worried about paying off your interest only mortgage? Image
05th Feb 2018

Worried about paying off your interest only mortgage?

When you arranged it ndash; probably many years ago ndash; you might have thought an ldquo;interest onlyrdquo; mortgage sounded ideal. It offered a way to pay less on your monthly mortgage amount as you only paid the interest amount over a fixed timenbsp;

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